Posts for Ticker ‘AGU’

Something Brewing At Mosaic? (MOS, AGU, CF, TRA)

money-stack-image7Mosaic Co. (NYSE: MOS) was lost in the financial shuffle today.  Perhaps it should not have been.  The stock rose up 8.5% at $43.05 today on more than double the normal volume.  Options were extremely active too.

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Posted on: February 27, 2009 – 5:10 pm in Agriculture, Mergers and Buy Outs, Rumors, Trading Alert, , , ,

Early Bird Analyst Upgrades & Downgrades (CBY, CNP, DLTR, PHG, SFD, AGU, AIB, AAUK, IRE, CETV)

money-stack-image1These are the early bird analyst calls with upgrades and downgrades from Wall Street this morning with about two and a half hours until the market opens:

Cadbury (CBY) Raised to Buy at Jefferies.
CenterPoint Energy (CNP) Raised to Buy at Jefferies.
Dollar Tree (DLTR) Raised to Overweight at JPMorgan.
Philips (PHG) Raised to Neutral from underweight at HSBC.
Smithfield Foods (SFD) Raised to Overweight at JPMorgan.
Agrium (AGU) Cut to Neutral at UBS.
Allied Irish Banks (AIB) Cut to Sell at Citigroup.
Anglo American (AAUK) Cut to Underweight at JPMorgan.
Bank of Ireland (IRE) Cut to Sell at Citigroup.
Central European Media (CETV) Cut to Underweight at Thomas Weisel.

Jon C. Ogg
February 26, 2009

Posted on: February 26, 2009 – 7:10 am in Analyst Calls, , , , , , , , , ,

Fertilizer, Ag, and Potash… Almost Cool Again (AGU, MOS, TRA, IPI, POT, CF)

Money_stack_pic_2There have been several research calls in the potash, agriculture, and fertilizer sector this morning which have pushed stocks higher.  Agrium Inc. (NYSE: AGU), Mosaic Co. (NYSE: MOS), Terra Industries Inc. (NYSE: TRA), Intrepid Potash, Inc. (NYSE: IPI), Potash Corp. of Saskatchewan, Inc. (NYSE: POT), and CF Industries Holdings, Inc. (NYSE: CF) are all trading higher.

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Posted on: December 16, 2008 – 10:07 am in Agriculture, Analyst Calls, Trading Alert, , , , , ,

Top Pre-Market Analyst Upgrades (AER, AGU, CF, GVA, MFLX, OMRI, PM, PFG, TRA)

These are some the top pre-market upgrades from analysts we have seen with more than two hours until the market opens this Tuesday morning:

  • AerCap (AER) Raised to Buy at Citigroup.
  • Agrium (AGU) Raised to Buy at Citigroup.
  • CF Industries (CF) Raised to Buy at Citigroup.
  • Granite Construction (GVA) Raised to Neutral at Goldman Sachs.
  • Multi-Fineline Electronix (MFLX) Raised to Buy at Needham.
  • Omrix Biopharma (OMRI) Raised to Buy at UBS.
  • Philip Morris International (PM) Raised to Outperform at Credit Suisse.
  • Principal Financial (PFG) Raised to Market Perform at FBR.
  • Terra Industries (TRA) Raised to Buy at Citigroup.

Jon C. Ogg
November 3, 2008

Posted on: November 4, 2008 – 7:40 am in Analyst Calls, , , , , , , , ,

Top Pre-Market Analyst Downgrades (ADBE, AGU, CMI, INTU, MOS, NST, PENN, CRM, SCG, SGP, SYMC, TEX, XRTX)

These are the top analyst downgrade calls we are seeing this Friday morning with two hours to the open:

  • Adobe Systems (ADBE) Cut to Sell at UBS.
  • Agrium (AGU) Cut to Hold at Canaccord.
  • Cummins Inc. (CMI) Cut to Market Perform at Wachovia.
  • Intuit (INTU) Cut to Sell at UBS.
  • Mosaic (MOS) Cut to Hold at Canaccord.
  • Nstar (NST) Cut to Neutral at Merrill Lynch.
  • Penn National Gaming (PENN) Cut to Hold at Deutsche Bank.
  • Salesforce.com (CRM) Cut to Sell at UBS.
  • Scana (SCG) Cut to Underperform at Merrill Lynch.
  • Schering-Plough (SGP) Cut to Underperform at Merrill Lynch.
  • Symantec (SYMC) Cut to Neutral at UBS.
  • Terex Corp. (TEX) Cut to Market Perform at Wachovia.
  • Trimble Navigation (TRMB) Cut to Perform at Oppenheimer.
  • Xyratex (XRTX) Cut to Market Perform at FBR.

Jon C. Ogg
October 3, 2008

Posted on: October 3, 2008 – 6:38 am in Analyst Calls, , , , , , , , , , , , ,

Top Analyst Upgrades & Downgrades (ANR, BJS, DL, RIMM, AGU, CF, MNT, POT, TRA)

There are actually very few analyst calls this morning and some of these may even be carry-over calls from late yesterday:

  • Alpha Natural Resources (ANR) raised to buy at UBS.
  • BJ Services (BJS) raised to Equal Weight at Morgan Stanley.
  • China Distance Education (DL) started as buy at Citigroup.
  • Research in Motion (RIMM) raised to outperform but target cut to $110 at Raymond James; raised to neutral from underperform at Credit Suisse.
  • Agrium (AGU) cut to hold at Citigroup.
  • CF Industries (CF) cut to hold at Citigroup.
  • Mentor Corp. (MNT) cut to hold at Jefferies.
  • Potash Corp. (POT) target cut to $250 from $375 at RBC.
  • Research in Motion (RIMM) cut to hold at Canaccord; cut to sector perform at RBC.
  • Terra Industries (TRA) cut to hold at Citigroup.

Jon C. Ogg
September 26, 2008

Posted on: September 26, 2008 – 6:43 am in Analyst Calls, , , , , , , , ,

Agrium and Ag Still Rocking (AGU)

Agrium Inc. (NYSE: AGU) is seeing a surge in shares this morning after the agriculture player raised its guidance for part of 2008.  The firm raised guidance for its second quarter to $2.80 to $3.00 EPS from a prior range of $1.92 o $2.22, yet consensus estimates were already at $2.50 EPS. 

The company said this is due to its strong performance from both  the retail level and growth from the wholesale operations.  The company also noted that this is during a time that the North American spring application season has been hampered by excessively cold and wet weather so far this year.   You can bet what else is driving the results: continued strong global crop prices and unprecedented demand for crop inputs.  The company also noted that it foresees an extended demand-driven cycle.

Shares closed yesterday at $92.16 and the 52-week trading range has been $34.60 to $96.40.  So far we are seeing a price indication surge in pre-market trading indications take this to a new 52-week high with shares trading north of $97.00.

Jon C. Ogg
June 11, 2008

Posted on: June 11, 2008 – 6:58 am in Agriculture,

Canpotex Owners Surge On Potash Price Hikes For China (POT, MOS, AGU, MOO)

There was a significant agreement out of Canada between it and China, via Canpotex (Canadian Potash Exporters).  Canpotex is the world’s largest exporter of potash.  Canpotex announced potash price increases between Canpotex and Sinofert in China, which actually will be paid out the rest of 2008.

This calls for shipment of 1 million metric tons of potash at $576 per metric ton, which appears to be a $400 per metric ton increase over the 2007 price.

This is going to add significantly again to fertilizer and potash players involved, and all are trading higher in pre-market trading.  Companies which own Canpotex are Mosaic Inc. (NYSE: MOS), Potash Corp. of Saskatchewan Inc. (NYSE: POT), and Agrium Inc. (NYSE: AGU).

Pre-market movers are:

  • Mosaic Inc. (NYSE: MOS) up over 3.7% at $132.40, above the $129.93 high over the last 52-weeks.
  • Potash Corp. of Saskatchewan Inc. (NYSE: POT) up 4% at $184.41, 52-week range is $58.87 to $185.49.
  • Agrium Inc. (NYSE: AGU) up over 4.5% at $82.70; above the $80.67 high over the last 52-weeks.

These are actually up enough that they are moving the key ETF, the Market Vectors Global Agribusiness ETF (AMEX: MOO) by over 2% to $61.50.  That 52-week trading range was $40.19 to $60.62.

Where is that IPO from Intrepid Potash?

You can join our open email distribution list to hear about other IPO’s, back door plays into IPO’s, spin-offs. break-ups, and other special situations we frequently preview.

Jon C. Ogg
April 16, 2008

Jon Ogg produces the Special Situation Investing Newsletter.  He can be reached at jonogg@247wallst.com and he does not own securities in the companies he covers.

Posted on: April 16, 2008 – 8:20 am in Agriculture, China, , , ,

Cramer Stays High on Agriculture (MON, POT, AGU, DE, MOS, MOO)

On CNBC’s MAD MONEY tonight, Jim Cramer went over the agriculture sector.  We recently noted ourselves about Ag-flation as wheat prices have more than doubled over the last year.  Cramer noted that Cargill suspended plans for a new ethanol plant.  Cramer says that this is going to create a sell-off, but it won’t mean the sector is dead and will create buying opportunities.  He thinks the famine watch may end up with rationing to keep a lid on prices in a world where demand is rising rapidly.  The possible famine and growing demand for food and crops for energy is driving these.  After these stocks take a share price hit this week, he wants you to look at buying some of these that are still at the start of a multi-year trend as now our food supply is competing for energy.  His favorite stocks right now in the sector are:

  • Mosaic (NYSE: MOS) as a potash winner with major pricing power.
  • Potash (NYSE: POT) as another potash winner with major pricing power.
  • Agrium (NYSE: AGU) also in nutrients and fertilizers like Potash.
  • Monsanto (NYSE: MON) as the biotech of Agriculture.
  • Deere & Co. (NYSE: DE) for the machinery.

We would also note that if you are a true lover of agricultural trading, there is an ETF that tracks this sector called  Market Vectors Global Agribusiness ETF (AMEX: MOO), which is up 50% since its launch just 6-months ago.  You would also want to know that Four of his five top picks in that group above are in the top ten holdings in this ETF. There are many other Agriculture pieces here, and some are Cramer and some are not:

Jon C. Ogg
February 26, 2008

Posted on: February 26, 2008 – 6:18 pm in Agriculture, Cramer, Cult Stock, , , , , , , ,

Pre-Market Stock News (June 18, 2007)

(AA) An ALCOA bid from BHP may be kindled according to numerous M&A reports.
(ADVNA) Advanta trades ex-split to reflect a 3-2 stock split.
(AGU) Agrium said earnings will be at or above the upper end of its $1.45 to $1.55 range.
(BBI) Blockbuster is going to favor the Blu-Ray HD discs.
(BNHNA) Benihana $0.35 EPS vs $0.30e.
(BWLD) Buffalo Wild Wings trades ex-split to reflect a 2-1 stock split.
(CEPH) Cephalon received FDA Marketing approval of Nuvigil for excessive sleepiness.
(CVTX) CV Therapeutics traded up on Cramer recommendation.
(DJ) Dow Jones may get a rival bid from Pearson and General Electric.
(ECIL) ECI Telecom in discussions for potential takeovers at $10.00 per share.
(ENCY) Encysive Pharma trading down 50%; announced third ‘approvable’letter from FDA for Thelin for treating pulmonary arterial hypertension, but it did not demonstrate the evidence of effectiveness needed for approval and may have to drastically cut costs.
(ESC) Emeritus Corp announces a 10.5 million share common stock offering; 9 million shares were from the company and 1.5 million from selling shareholders.
(FRN) Friendly Ice Cream going private at $15.50.
(FTEK) Fuel-Tech gets two orders totaling $2 million.
(GCO) Genesco gets $54.50 per share offer and buyout from Finish Line.
(KERX) Keryx Bio announced its CFO is resigning.
(LXRX) Lexicon Pharma secured a major investment in the company as a two part investment: $205 million and $60 million.
(MSFT) Microsoft making investment in Chinese television and media makers to change IPTV to Mediaroom.
(NVDA) NVIDIA noted as speculative chip play by Cramer.
(OBAS) Optibase won encoder pact from Huawei for IPTV.
(PAY) Verifone announced a $275 million senior convertible note offering.
(THRM) Thermage says FDA clears indication for Thermacool system.
(VICL) Vical licensee AnGes MG announces positive results of Phase 3 angiogenesis trial in Japan.
(VRAZ) Veraz platform chosen by Golden Telecom for an upgrade of its TDM network to a next-generation network.
(XFML) Xinhua Finance Media wins contract to re-brand Hebei Movie & Drama TV channel.

Jon C. Ogg
June 18, 2007

Posted on: June 18, 2007 – 6:53 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , , , , , ,